US wages and benefits up 0.7 percent in Q4
WASHINGTON (AP) — U.S. workers saw their annual wages and benefits rise by 0.7 percent in the final three months of last year, a moderate gain that was down only slightly from the third quarter.
The Labor Department says that the seasonally adjusted October-December gain was down from a 0.8 percent rise in the third quarter.
Over the past 12 months, wages and benefits are up 2.9 percent, an improvement from a 12-month gain of 2.8 percent in the 12 months ending in September.
Wages rise at 2.6 percent in 2017 despite Q4 slowdown
WASHINGTON (AP) — U.S. workers' wages and benefits grew 2.6 percent last year, the fastest 12-month pace since the spring of 2015.
The 12-month gain in wages and benefits came despite a slight slowdown at the end of last year with wages and benefits rising 0.6 percent in the fourth quarter, a tiny dip from a 0.7 percent gain in the third quarter, the Labor Department reported Wednesday. Still, the 12-month gain was an improvement from a 2.2 percent gain for the 12 months ending in December 2016.
US wages and benefits grew 0.7 percent in third quarter
WASHINGTON (AP) — U.S. workers' wages and benefits grew faster in the third quarter, adding to recent signs that American workers are seeing their pay climb.
The Labor Department said Tuesday that total compensation was up 0.7 percent from July through September after growing 0.5 percent in the second quarter.
Wages and salaries, which account for about 70 percent of compensation costs, rose 0.7 percent. Benefits, including pensions and health insurance, were up 0.8 percent.
Asian stocks mostly higher after rise on Wall Street
TOKYO (AP) — Asian shares were mostly higher Friday, taking their cue from optimism on Wall Street set off by a report showing spending by U.S. consumers growing in July, along with wages and salaries.
How major US stock market indexes fared Thursday
U.S. stocks rose again Thursday as investors were pleased with a report that showed spending by U.S. consumers grew in July, along with wages and salaries. Health care and technology companies lead the way and the Nasdaq composite closed at a record high.
The Standard & Poor's 500 index jumped 14.06 points, or 0.6 percent, to 2,471.65.
The Dow Jones industrial advanced added 55.67 points, or 0.3 percent, to 21,948.10.
Report: Hunting, fishing vital to South Dakota economy
RAPID CITY, S.D. (AP) — A new report indicates that South Dakota's hunting and fishing industry majorly influences the state's economic health.
The Colorado-based Outdoor Industry Association released the national report last month. It said the outdoors industry brings about 48,000 jobs to South Dakota, generating $1.2 billion in wages and salaries, $4.7 billion in consumer spending and $255 million in state and local tax revenues annually.
FRANKFORT, Ky. (AP) — The Kentucky Department of Tourism says a national study found the economic impact of outdoor recreation in the state jumped to $12.8 billion last year, up from $8.4 billion in 2012.
The study done by the Outdoor Industry Association also indicates that outdoor recreation in Kentucky directly supports $3.6 billion in wages and salaries from 120,000 jobs and provides $756 million in state and local tax revenue.
WASHINGTON -- Wages and benefits paid to U.S. civilian workers grew steadily in the first three months of the year.
The Employment Cost Index, which tracks wages and benefits, was up 0.8 percent in the first quarter, the Labor Department said Friday. That's the biggest quarterly growth since December 2007 and slightly faster than the 0.5 percent growth in the last quarter of 2016.
US consumer spending up 0.5 percent in December
WASHINGTON (AP) — Consumers boosted spending in December at the fastest pace in three months, giving the economy some momentum going into 2017.
Consumer spending advanced 0.5 percent in December, a major improvement over the modest 0.2 percent gain in November, the Commerce Department reported Monday. It was the best showing since spending jumped 0.7 percent in September. The increase was driven by a 1.4 percent surge in spending on durable goods, long-lasting items such as autos.
US wages, benefits rise 0.6 percent in third quarter
WASHINGTON (AP) — Wages and benefits paid to U.S. civilian workers grew at a steady pace in the third quarter.
The Labor Department says total compensation rose 0.6 percent from July through September, same as it did from April through June. Wages and salaries increased 0.5 percent, benefits 0.7 percent.
In the 12 months that ended Sept. 30, compensation increased 2.3 percent, up from an annual gain of 2 percent a year earlier.
US consumer spending at weakest pace in 5 months
WASHINGTON (AP) — U.S. consumers scaled back their spending in August to its weakest pace in five months, reflecting a drop in spending on autos. Income growth also decelerated as wages and salary gains slowed following four strong months.
Consumer spending was unchanged last month after solid gains of 0.4 percent in July and 0.3 percent in June, the Commerce Department reported Friday. It was the poorest showing since a similar flat reading in March.